Northside Community FCU offers transgender loan product

February 18, 2016

CHICAGO (2/18/16)--Northside Community CU, Chicago, has created a loan product to assist transgender people who are looking for help in covering the expenses related to surgeries, procedures and anything else associated with their transition including, but not limited to, voice lessons and a new wardrobe.

The Gender Affirming Procedures Loan Product (GAP LP) was designed by Lee Dewey, a trans person and accounting manager at the credit union (Windy City Times Feb. 10).

Dewey told the Times he's "been aware of much unmet demand for a product like this for some time."

Northside Community CU's mission is “to promote the financial well-being of our diverse community by providing affordable services and expanding the availability of alternative financial resources.”

In announcing the GAP LP, Northside noted that they "strongly feel that providing the trans community with access to our services and developing a loan product package tailored to them is integral to our mission."

Dewey also noted the credit union’s history of inclusion. "Through my experience working for the credit union for the last two years and the knowledge of their ethically serving diverse groups of marginalized communities since their inception in the 1970s, I have come to trust their lived intent towards harm reduction," Dewey told the Windy City Times.

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